That depends on which IRS form you use to file, and you have two options. IRS Form 1023-EZ. The user fee for Form 1023-EZ is $275. IRS Form 1023 –...

Typically, IRS 501(c)(3) approval takes between 2 and 12 months, inclusive of likely written follow-up questions. Sometimes it takes a little less;...

There are informal nonprofits — those without formal recognition from the IRS — and it is entirely permissible for them to remain that way. However...

Grantmakers typically fund organizations that qualify for public charity status under Section 501(c)(3) of the Internal Revenue Code. There are few...

Yes, you can donate to your own 501(c)(3) organization. You can make a tax-deductible donation to any 501(c)(3) charity, regardless of your affilia...

Organizations under Section 501(c)(3) of the IRC are generally exempt from most forms of federal income tax, which includes income and capital gain...

Properties owned by charitable nonprofits used for a tax-exempt purpose are exempt from property taxes under state law.If the property or any porti...

The Board of Directors is the governing body of a 501C3 nonprofit, responsible for overseeing the organization’s activities. The board is required...

You can check the IRS’s progress on applications on the IRS websiteOnce an agent is assigned for your application, your application review process...

As a 501c3 founder, you can pay yourself a reasonable compensation for your actual services in the nonprofit.The IRS examines reasonableness on the...